Exploration News

 

OMV to Drill Hades Appraisal Well with Island Innovator Rig in June

Feb 21, 2020

OMV Norway has applied for an environmental permit to drill the Hades appraisal well in the Norwegian Sea about 280 kilometers north of Kristiansund.The subsidiary of Austria's OMV plans to use the Island Innovator semi-submersible drilling…

Tower Resources: Farm-out Talks Progressing Well

Feb 19, 2020

Tower Resources Cameroon SA, a wholly-owned subsidiary of Africa-focused Tower Resources Plc, has hinted at good progress on the ongoing discussions with potential farm-in parties into the Thali PSC offshore Cameroon.The progress in the negotiations…

Posco Strikes Gas Offshore Myanmar

Feb 18, 2020

South Korea's Posco International has made a gas discovery at the Mahar well offshore Myanmar.Located in Block A3, the well was drilled using the Maersk Viking drillship in a water depth of 1000 meters.The Korea Herald has reported that the…

Pemex Signs Contracts for New Oil Projects

Feb 18, 2020

Mexican national oil company Pemex has begun signing contracts with oilfield service firms specifically invited to submit bids for a new batch of priority exploration and production projects, the state-owned company's chief executive said. CEO…

Eni Strikes Oil Offshore Mexico

Feb 17, 2020

Italian oil company Eni has made an oil discovery in the Sureste Basin offshore Mexico. Eni said that the preliminary estimates showed the discovery might hold between 200 and 300 million barrels of oil in place.Saasken-1 NFW well, which has led to the discovery…

Five Oil Majors Sign Offshore Exploration Deals in Egypt

Feb 17, 2020

Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters off its western coast on the Mediterranean, the petroleum minister said, the first such deals in that offshore region. The five companies are Royal Dutch Shell…

Karoon's Marina-1 Well Offshore Peru Disappoints

Feb 17, 2020

Karoon Energy's Marina-1 deepwater exploration well, in the Z-38 license offshore Peru, has come up dry and will be plugged and abandoned.Tullow, Karoon's partner in the project said Monday that the well had reached Total Depth 'and has not encountered significant hydrocarbons…

'Good Progress' with Liberator, Serenity Farmout, i3 Says

Feb 14, 2020

UK based oil firm i3 Energy has said it is making progress with efforts to farm out some of the ownership in its North Sea assets, ahead of the planned drilling this summer. The company, operating the Liberty field and Serenity discovery in the UKCS…

KrisEnergy Ditches Vietnam Block to Focus on Cambodia

Feb 14, 2020

Southeast Asia-focused oil company KrisEnergy has agreed to transfer its Block 115/09 offshore Vietnam to an undisclosed international oil company.Debt-laden KrisEnergy said it would transfer its entire 100% working interest in Block 115/09 for nominal cash consideration…

Italian Court Asks EU to Rule in Oil & Gas Permits Dispute

Feb 14, 2020

A top Italian administrative court has asked the EU Court of Justice to rule on legislation over the size of oil and gas exploration concessions in Italy in a move that could lead to some companies being stripped of permits.Italian law currently…

Several Firms Show Interest in Barryroe, Providence Says

Feb 13, 2020

Ireland-focused oil company Providence Resources is on the lookout for a new farm-in partner for its Barryroe field following a botched farm-in saga with China's APEC.Providence said Thursday that its subsidiary Exola DAC, which is the operator…

Election Dispute Could Impact Lake Malawi O&G Exploration Efforts

Feb 13, 2020

Malawi’s 2019 Presidential election was annulled early this year by the Constitutional Court with directions to Malawi Electoral Commission asked to hold a fresh poll in five months. The question in the minds of many in the oil and gas exploration…

TGS 'Illuminating' Mature GoM Area

Feb 13, 2020

Norwegian seismic specialist TGS has announced a 3D Ocean Bottom Seismic imaging program over Main Pass and Viosca Knoll areas in the U.S. Gulf of Mexico. The company expects the new data will help E&P firms to fully explore the area.TGS says…

Indonesia: State Firm to Manage Upstream O&G Business

Feb 13, 2020

Indonesia plans to set up or designate a state firm to carry out upstream oil and gas activities, to try to curb red tape and regulations that are blamed for hindering investment in Southeast Asia's biggest economy. The government of President…

Gulf of Mexico Lease Sale Set for March

Feb 12, 2020

U.S. Secretary of the Interior David Bernhardt announced that the Bureau of Ocean Energy Management (BOEM) will offer over 78 million acres for a region-wide lease sale scheduled for March 18, 2020, as part of President Trump’s America First Offshore Energy Strategy…

Current News

Second Casualty Recovered from Capsized Lift Boat, 11 Still Missing

Second Casualty Recovered from Capsized Lift Boat, 11 Still Missing

US Interior Dept Revokes Trump Energy Policies, Focuses on Climate

US Interior Dept Revokes Trump Energy Policies, Focuses on Climate

GPS' "Chemical Mist" Cuts Methane Emissions

GPS' "Chemical Mist" Cuts Methane Emissions

Petrobras, Partners Decide on Partial "Devolution" of Libra Offshore Area

Petrobras, Partners Decide on Partial "Devolution" of Libra Offshore Area

Subscribe for OE Digital E‑News

Offshore Engineer Magazine